Disney's board fires Chapek after less than three years on the job and asks Iger to serve two additional years as chief executive, postponing his exit. The stunning announcement came after a series of missteps and miscalculations by Chapek,

Walt Disney Co. saw record quarterly revenue for its theme parks division, but its Fubo deal and YouTube carriage dispute dragged down total segment operating income.

The entertainment company warned that declining international tourism is weighing on its U.S. theme parks.

Walt Disney Co. missed expectations on net profit but came in slightly ahead on adjusted earnings per share and revenue.

Disney's streaming services reeled in record profits last quarter as the Mouse House increased prices.

Disney’s streaming profits surged in the December quarter while its overall bottom line softened, as investor attention turns to an expected announcement of its next chief executive as soon as this week.

Per-share quarterly profit declined 7 percent from a year earlier, with difficulties in movies and TV offsetting robust Disney+ and theme park results.

Shares of the media giant are down this week as analysts say the leadership transition amounts to an "overhang" on the stock. Disney shares fell nearly 2% Tuesday morning following the company's announcement that parks boss Josh D'Amaro will succeed CEO Bob Iger.